https://ift.tt/KxWXrSl Musk Hints SpaceX Could Soon Accept Dogecoin ($DOGE) Payments

Tesla and SpaceX CEO Elon Musk has recently hinted that his space exploration company SpaceX and Starlink, a project meant to surround Earth with high-speed, low latency and affordable internet access, could soon start accepting payments in the meme-inspired cryptocurrency Dogecoin ($DOGE).

On social media, responding to a tweet from a user suggesting SpaceX’s merchandise store and Starlink could accept DOGE, Musk simply replied with a winking emoji which suggests Musk has already been working on such an integration.

Dogecoin co-founder Billy Markus shared the interaction on social media saying he wants to “buy a model rocket with dog money, ”further encouraging the Dogecoin community to support SpaceX and Starlink in accepting the meme-inspired cryptocurrency as a payment method.

Musk, it’s worth noting, is a well-known DOGE supporter who late last year revealed that he believes the cryptocurrency is better for transactions than other cryptoassets like Bitcoin ($BTC). Musk added that bitcoin’s transaction volume is low while its cost per transaction is high, making it more suitable as a store of value. Being a store of value means investors want to hold onto their BTC and not sell it or move it in transactions.

Tesla, as CryptoGlobe reported, has invested $1.5 billion in the flagship cryptocurrency earlier this year, and is estimated to be up at least $1 billion on its investment, despite making a small sale after making its initial acquisition.

The electric car maker has also recently started accepting DOGE payments on its website, allowing specific products such as its “cyberwhistle,” its “Giga Texas” belt buckle” and its “cyberquad” four-wheeler for kids to be bought with it. These items are all priced in DOGE, ranging from 12,020 coins for the four-wheeler to 300 DOGE for the cyberwhistle.

On Tesla’s Dogecoin support page, the firm notes that customers who send the wrong amount of DOGE to its address may see their orders get canceled, and adds that if an order is overpaid in the cryptocurrency the “overpayment amount will not be refunded to the original form of payment.”

Notably, Musk and Billy Markus have earlier this year pushed McDonald’s to accept DOGE as a payment method, but the fast-food giant ultimately did not move forward with such an integration.

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